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Description
Income producing multifamily property! DE-RISKED INVESTMENT: 12-Unit Portfolio + Expansion Land - Delivered with 6 NEW ROOFS! Stop fighting the Florida insurance market. This high-performing 12-unit complex is being re-introduced to the market with a massive seller incentive: 6 Brand New Roofs to be completed prior to closing. By delivering the asset with new roofs, the seller is removing the #1 hurdle to financing and securing affordable insurance premiums. This 10% + Cap Rate asset features 11 renovated units, individual HVACs, and massive upside. Sale includes an adjacent vacant parcel for future development or added amenities. Buy today, finance easily, and enjoy years of maintenance-free ownership.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.79 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $15,236
Year Built: 1950
General Information
Sqft: 7,584
County: Polk
Subdivision: CRIGLER L N
Listed By:
Mendel Friedman
DIVINE REALTY AND ASSOCIATES LLC
718-954-2278
MLS ID: TB8460905
Amenities
Other
Other
Property Features
Annual Net Income: 121331.00
Days on Site: 138
Directions: Take route 60 East from Bailey Road, R on SW 3rd Avenue, R on SW 3rd Terrace
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Private Financing Available
Lot Dimensions: 0.79
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Do Not Contact Tenants, Lockbox, See Remarks
Special Sale Provisions: None
Units: 12
Utilities: Electricity Available, Public
Water: Public
Water Access Y/N: No
Zoning: R-1
Get in Touch
Contact an agent to learn more about
301 SW 3rd Terrace, Mulberry, FL 33860.
Estimate Your Payment
Estimated Payment
$ 6,125.13 per month $4,469.00 Principal & Interest $1,269.67 Property Tax $386.46 Homeowner's Insurance